Chaos returns to Comrades, CMA veterans want Gayton’s intervention

Loading player...
The battle for the soul of the Comrades Marathon is not over - despite the crushing victory which runners achieved at the recent Special General Meeting in Pietermaritzburg. Pressure from those resisting demands for a clean administration has resulted in four resignations from the CMA board, including its respected chair and vice chair. Veteran competitor Barry Holland, who has finished 49 Comrades Marathons, the most of anyone, has been intimately involved. He says the situation is fast reaching a point where intervention will be required from Sports Minister Gayton McKenzie. He spoke to BizNews editor Alec Hogg.
22 Aug 2024 12PM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min